Econospinning: how to read between the lines when the media manipulate the numbers

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Wiley, Aug 4, 2006 - Business & Economics - 246 pages
A straightforward guide to wading through today's abundance of false and misleading economic data Gene Epstein knows a thing or two about real economic data. Before becoming the Economics Editor for Barron's in 1993, he was the chief economist for the New York Stock Exchange. Now, in Econospinning, Epstein provides readers with a book that attempts to see through the veil of economic misinformation commonly reported in today's media and offer facts in its place. Epstein discusses economics, assuming no prior knowledge on the part of the reader-which he admits, they'd only have to 'unlearn' anyway depending on who they are getting their information from. He then exposes shoddy reporting by a laundry list of economic journalists, providing the dos and don'ts to guide readers to the best options: who to believe, who to respect, who to argue with, and who to run away from screaming. From Paul Krugman (The New York Times) to John Cassidy (The New Yorker), as well as others including, but in no way limited to, Eric Schlosser (Fast Food Nation), Barbara Ehrenreich (Nickel and Dimed), Louis Uchitelle (Goldman Sachs' Economics Research Group), and Patrick Barta (Wall Street Journal), Epstein does a point-by-point discussion on how readers can get their feet on the ground floor of economics information, and provides readers with a list of his trusted recommendations. Filled with in-depth insights and valuable advice, Econospinning offers readers some simple rules to live by when practicing the art of gleaning through economic news. From skipping the headline number and finding the long-term trend to researching the patterns involved in deciphering the ABCs of the GDP, Epstein gets right to the center of the debate on the integrity of the economic numbers we read in the papers each and every day. Gene Epstein (New York, NY) has been Barron's Economics Editor since 1993 and writes the column, 'Economic Bea.' A frequent speaker on the conference circuit, Epstein has been interviewed on CNBC, CNN, and BBC TV and is on AM radio as a regular guest with WNJC's Greenberg News Show. Epstein holds an MA in economics from the New School and a BA from Brandeis University.

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About the author (2006)

GENE EPSTEIN has been Barron's Economics Editor since 1993 and writes the column, "Economic Beat." A frequent speaker on the conference circuit, Epstein has appeared on CNBC, CNN, NJN Public TV, and BBC TV. He is a former senior economist at the New York Stock Exchange and has taught economics at St. John's University and the City University of New York. He holds an MA in economics from The New School and a BA from Brandeis University.

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